Which One of the Following Will Definitely Decrease the Equilibrium

question 63

Multiple Choice

Which one of the following will definitely decrease the equilibrium quantity?

• A)an increase in both demand and supply
• B)a decrease in both demand and supply
• C)an increase in demand combined with a decrease in supply
• D)a decrease in demand combined with an increase in supply
• E)an increase in price

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Definitions:

Franklin D. Roosevelt

The 32nd President of the United States, serving from 1933 to 1945, known for leading the country through the Great Depression and World War II with his New Deal programs.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the Great Depression.

Predecessor

An individual or entity that held a position or office before the current holder.

Election

A formal group decision-making process by which a population chooses an individual or multiple individuals to hold public office.